Lawyers for Goldman Sachs Group Inc. will face Lorin Reisner, the deputy director of enforcement for the Securities and Exchange Commission , in the agency’s lawsuit over the bank’s use of subprime mortgage-backed securities.

A partner and former member of the executive committee at Sidley Austin LLP was accused by the Illinois Attorney Registration and Disciplinary Commission of misappropriating $119,000 through a fund for expenses established for a client.

Morgan Stanley can pursue a fraud claim as it seeks to recover damages from Joseph “Chip” Skowron, a former hedge fund manager serving a five-year prison term for insider trading, a federal judge ruled.

EMC Corp. founder Richard J. Egan used a sham tax shelter to cheat the U.S. government out of more than $62 million starting the same year former President George W. Bush named him ambassador to Ireland, a federal judge ruled.